Shares of PVH Corp (NYSE:PVH) have been assigned an average rating of “Buy” from the nineteen ratings firms that are covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $71.56.

A number of brokerages have issued reports on PVH. DA Davidson boosted their price target on shares of PVH from $60.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Royal Bank of Canada boosted their price target on shares of PVH from $48.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, September 4th. Citigroup raised their target price on shares of PVH from $35.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Piper Sandler lifted their price target on shares of PVH from $59.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Finally, Deutsche Bank increased their price objective on shares of PVH from $42.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, September 4th.

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its position in PVH by 16.5% in the first quarter. UBS Group AG now owns 136,347 shares of the textile maker’s stock valued at $5,132,000 after acquiring an additional 19,285 shares during the last quarter. Aperio Group LLC lifted its position in PVH by 81.9% in the first quarter. Aperio Group LLC now owns 77,108 shares of the textile maker’s stock valued at $2,902,000 after acquiring an additional 34,727 shares during the last quarter. Rhumbline Advisers lifted its position in PVH by 4.8% in the first quarter. Rhumbline Advisers now owns 151,407 shares of the textile maker’s stock valued at $5,699,000 after acquiring an additional 6,883 shares during the last quarter. Bank of New York Mellon Corp lifted its position in PVH by 12.5% in the first quarter. Bank of New York Mellon Corp now owns 1,623,504 shares of the textile maker’s stock valued at $61,109,000 after acquiring an additional 180,617 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in PVH by 59.3% in the first quarter. Russell Investments Group Ltd. now owns 244,456 shares of the textile maker’s stock valued at $9,241,000 after acquiring an additional 91,031 shares during the last quarter. 97.62% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PVH opened at $70.93 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 0.87. The firm has a market capitalization of $5.04 billion, a PE ratio of -5.00 and a beta of 2.16. The firm’s 50-day moving average is $55.80 and its two-hundred day moving average is $49.84. PVH has a 1 year low of $28.40 and a 1 year high of $108.06.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.43) by $2.56. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.29 billion. PVH had a negative net margin of 12.40% and a positive return on equity of 3.07%. The business’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. Analysts expect that PVH will post -3.12 EPS for the current fiscal year.

PVH Company Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Analyst Recommendations for PVH (NYSE:PVH)

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